Bitcoin Surpasses $94K Amid ETF Inflows

Bitcoin recently reached a new all-time high, surpassing $94,000, driven by substantial inflows into Bitcoin ETFs, including over $1 billion in the first two days of the week. Major funds such as ARK's ARKB, Fidelity's FBTC, and BlackRock's IBIT contributed significantly to this surge. Analysts attribute the price increase to institutional interest and new ETF launches, with some experts predicting Bitcoin could soon reach $100,000. Despite bullish sentiment, caution remains as technical analysis suggests potential corrections. Nonetheless, Bitcoin's long-term outlook is optimistic, with projections of reaching even higher milestones in the future, including $138,000 and $1 million. The overall growth is supported by institutional adoption and increasing mainstream investor interest.